EnglishBT Aegon Fond de Pensii, the newest member of Banca Transilvania Financial Group, has been lincensed to manage a private pension fund by the Private Pension System Supervisory Commission (CSSPP).
CSSPP also authorized the Vital pension scheme managed by BT Aegon. Vital is a privately managed pension system with a medium risk profile. The fund will invest 70% of the liquidities in T-bills, bonds issued by foreign non-governmental institutions (World Bank, EBRD, EIB) etc. and 30% in securities listed on Romanian or European markets.
"BT Aegon Fond de Pensii is preparing for the final phase of the CSSPP licensing process, namely the licensing of the Vital Fund, which has been set up as a Pillar II, mandatory private pension fund. On September 17th, we may begin attracting customers. In addition to the traditional sales channels, we will also employ Transilvania Bank and BT Asigurari units across the country," said Silvia Sarb, General Manager of BT Aegon.
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